Dena, Central Bank, UCO Bank can go up 30%-40%: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his views on midcap banking space.

What is your call on midcap banking space?

Most of them tend to move in a group. Yesterday it was Dena, today it is Central Bank which is a call at about 815. So, Dena, Central Bank, UCO Bank all of these stocks that can easily go up 30%-40% whatever be their financial performance.

Now, that the OBC’s and BoB’s etc. have moved, it is turn for the small caps not only in banking but even in other sectors as we have seen even in S Kumars. So, chances are that UCO can move higher, move towards 86-87.

If it happens after the correction, it will give you opportunities to get in otherwise it has been vertical even for these stocks and may be this is not the right point to enter.